Monopolies Take A Fifth Of Your Wages

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After he became a US federal trade commissioner (FTC) in 2018, Rohit Chopra made waves in the field of antitrusts by going after monopolies. The FTC was largely ineffective, and he felt that it had failed not only consumers but also employees by giving monopolies a slap on the wrist. His most important work was shedding light on the wage-fixing happening within trusts. When every viable competitor had been absorbed by a monopoly, employees couldn’t threaten to leave a company to work for its competitor after being treated poorly. Read full article here

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